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Only reason this and other travel stocks have retreated today is because oil price has dropped. We all know that oil price will continue to rise until the war is over. Can strongly see this going to £5 in next week or 2 unless there is some very positive news such as a takeover bid
I don’t have a crystal ball, and I have seen manipulating of share price, personally the travel business is picking up, more young people are taking cruises along with extended families, bookings are climbing and Carnival as well as other companies such as NCL are investing heavily in new ships and new routes, Disney have carried out UK cruises with great success. There is a general wave of uncertainty in the stock markets, I personally see this as an opportunity to buy more shares such as carnival, they at a low, could they go lower, Yes, they can also go higher, my view is the latter! However, it’s all a matter of opinion. To me, they have great products on offer which people still want!! GLA
Nope, I'm not a "bot", a real, ugly but charming person.
As I said, my point was not to deramp or ramp, I was purely stating that with the huge debt that Carnival have, exactly like Royal, and with the price of oil the way it is, and the headwind of inflation will see some (more the first timers) cancelling/not booking cruises, then there is a chance, whether people like it or not, that Carnival could fold.
Do I personally believe that, no, I do not.
As everyone knows, Carnival are the worlds largest cruise operator, with the largest fleet.
With any discussion there are two sides and my point was purely to make the opposing side to the statement earlier.
Currently I've dumped my Carnival money into IAG, just to get another kicking from a different travel stock where I was already getting a huge kicking anyway.
I do like ForrestGump's conspiracy theory though, it does sound very very plausible how it literally bounced off 600 ($8.12) yesterday.
ps. My default setting is always Strong Buy, and I can't work out how to change it back.
I totally agree with that statement
Botbot, in my view you are comparing apples with oranges here. It is important to look at the fundamentals and make your mind up. Past, present and future. Personally, I saw the demise of DEB - there wasn't the demand - stores were full of tat that no-one wanted to buy at knock down prices. The ships are getting fuller; the company is actively re-organising the fleet. There are penty of positives in the trading update. BTW, if you are so pessimistic and sold your shareholding, why have you recommended as a strong buy? PS..I hope you are a real person and not a botbot!
Botbot120268. I have no way of knowing why the share price is moving as it is, but I went with a"conspiracy theory" that the positive booking revenue numbers declared last week, together with recent director buys, were going to move the share price rise to 800p, and above. Something that someone, or some organisation, bought into a massive short position, wasn't expecting. So when the share price was "talked down" and moved to 600p at 15 hours yesterday I topped-up, on the assumption that 600p solved the mystery shorter's potential catastrophic loss. Maybe I was right, maybe I wasn't.
ATB, FG
I would say that’s a bit of a deramp personally.
Unfortunately that's exactly what I said about Debenhams.
Exactly what I said about Mccolls.
Exactly what I said about 4D.
All three have gone bankrupt, the Shareholders got nothing, but the companies carried on trading.
Debenhams had value, and the parts were sold off.
Mccolls is a £1bn revenue business, which has Morrisons in it's stores as well.
4D recently developed an awesome medicine in relation to certain types of cancer.....
All ALL THREE were written off, all three went into "administration", and all shareholders lost everything, including myself.
Never believe that a company cannot go to zero, it can.
I had 40,000 shares in Carnival, I love cruising (not carnival but hey.!). selling at a loss in the end when I could have over doubled my mmonies if I had sold last year.
An argument that if the company drops someone will buy is absolutely correct, however they will buy when Carnival goes into administration and they will buy for $1 and write off 50% of the debt.
Not ramping, not deramping.........just stating fact for everyone that thinks this can't happen to a great company like Carnival.
The point.....BE CAREFUL
Hopefully the bottom has been found now. Outrageous price.
I believe shorts by Blackrock and Quant have an influence! IMO
Carnival is not Aften. Do not give much attention to the broker views. They are the ones manipulate the market. When u sell at a loss they will buy and profit.
I do. afren another of many failed investments. but I am learning slowly .
Who remembers AFREN or PMO …….
This will never go to nil - if the prospects deteriorate markedly due to inflationary era following covid then a buyer will come in. If the sum of the parts <0 id' be surprised esp when you look at some of the backers here. Its a risk nonetheless which means the SP will be in doldrums for a while yet...reason is high risk and no dividend so investors need to see the company start to turn a corner which it is entirely possible it will but hold on to your hats!
It’s a good company with a great track record, once the market traders get bored and move on to the next ‘great money spinner’ this I believe will return back up to its recent levels, hang in there!! IMO
Sorry for my spelling I am on the beach in Spain lol
Djrtrad1. Yes, it was you I was thinking of.
Was me lol it’s true I have friends in Investment banking who confirmed it happens, no doubt the person/analysis who wrote this is most likely friends with which ever find manager decided to short it. He gets a couple a grand for helping out and Mr fund manager keeps his job.
As someone said if Ccl go under then the whole industry goes. I remember I brought BP at 299 it dropped and dropped to below £1.50 people spouted 50p and now it’s £4 almost. All stocks can go to 0 event easy jet which has taken a pounding. I bet if you research it hard enough whoever wrote that article is 10000% connected in some way to which ever company shorted that stock.
Well i must say you have told me something now Willis, i am in my 70s i have never used etc i have always used ect and i have never been told it is wrong, anyway i am to old now to change my grammer but thanks for pointing that out.
or is that a FATC ? ;-)
Here's something that's CERTAIN, Noggers. It's etc, not ect, as in the word etcetera. And there ends the lesson for today. You've learnt something. AND THAT'S A FACT.
This and all other stocks could get worse in the coming days weeks, with recession looming stagflation ect ect it is not looking good, all my shares are now well under water paper loss running into thousands, the only thing you can hope for is that none go under and just wait it out, could be 12 months 2 years before they get back to normal.
A day or two ago somebody commented that the share price might be deliberately be being undermined to allow someone or some organisation out of a short position. Considering what happened recently in the London Metal Exchange, and the price of Nickel, I agree.
If this is the case, then this share will be at 800p in no time. I purchased more today at 601p. I hope that I'm proved right!!!
GLA
CCL future will depend entirely on it's ability to service the massive debt it took on during Covid...$bns
There are a number of factors aginst CCL at the moment:
Massive debt
Fuel costs
Downturn in worldwide economies
And one massive one not yet discussed here is the c40% capacity increase in cruise ships with all the new builds coming from many companies.
This increase capacity along with the economic downturn (leading to less bookings and more cancellations)will lead to a lot of spare/empty cabins and ultimately a massive reduction in the price per cabin paid.
All this impacts massively on Carnival and is, I believe, what led to the pessimistic outlook given the other day.
If CCL survives the next two years then it will bounce back strongly IMHO. The next two years are going to be very choppy waters for the company though.
Yep totally agree. Some many value buys but is it the time to buy?